Spain Cryptocurrency Tax
Detailed cryptocurrency tax rates and rules for Spain in 2026.
Cryptocurrency gains in Spain are classified as savings income and taxed at the progressive savings rates: 19% on the first €6,000, 21% on €6,001-€50,000, 23% on €50,001-€200,000, 27% on €200,001-€300,000, and 28% above €300,000. Both crypto-to-fiat and crypto-to-crypto transactions are taxable events. Mining and staking income are treated as economic activity income taxed at general rates.
Crypto Tax Status
Taxed
Treatment
Savings income (capital gains)
Additional Notes
Spain requires detailed reporting of cryptocurrency holdings through Modelo 721 for foreign crypto assets exceeding €50,000. Failure to report can result in significant penalties. The Spanish tax authority (AEAT) has been particularly active in crypto enforcement, sending mass notification letters to crypto holders. Crypto-to-crypto swaps, airdrops, and DeFi earnings are all taxable events. Losses from crypto can offset other savings income gains.
How Spain Crypto Tax compares
Spain taxes cryptocurrency gains. 68 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
